SOURCE: Callidus Software Inc.

Callidus Software Inc.

May 10, 2016 08:00 ET

CallidusCloud Announces Powerful New Solution for Multi-Level Marketing Industry

New Solution Aims at Reducing Churn, Improving Training and Streamlining Commission for Direct Sellers

DUBLIN, CA--(Marketwired - May 10, 2016) -  Callidus Software Inc. (NASDAQ: CALD), a global leader in cloud-based sales, marketing, learning and customer experience solutions, announced today at its annual C3 conference a new solution for MLM businesses that will drive sales performance and optimize commission spend.

It is estimated that MLM companies pay over $70 billion in commissions annually to their distributors and direct sellers. There are almost 20 million direct sellers in North America alone and approximately 100 million worldwide.

"There are 20 Million MLM direct sellers in North America alone, currently poorly served by archaic commissions and sales management solutions," said Leslie Stretch, president and CEO at CallidusCloud. "It's a market that we are super excited to serve with our leading cloud incentives platform and new industry-specific MLM suite that we are announcing today."

The new solution assists MLM companies at every stage of their distributors' lifecycle, starting with onboarding. An automated and easily repeated process allows reps to sign contracts, receive sales kits and start selling faster. Distributors have access anywhere in the cloud or mobile device to a library of training content and collateral to improve their sales effectiveness. Leveraging email marketing, websites and eCommerce will make it easier to sell products, manage orders and auto-ship.

The solution also delivers reporting on all these activities to the MLM company and distributor. Dynamic genealogy and hierarchy management, and insights into incentive and bonus payouts, allow distributors in the field to see who is going to hit their targets and who needs help.

The new solution draws on the power of CallidusCloud's Lead to Money suite, a SaaS suite designed to help businesses drive enterprise engagement, sales performance management and sales effectiveness throughout the sales cycle to close bigger deals, faster.

About CallidusCloud
Callidus Software Inc. (NASDAQ: CALD), doing business as CallidusCloud®, is the global leader in cloud-based sales, marketing, learning and customer experience solutions. CallidusCloud enables organizations to accelerate and maximize their lead to money process with a complete suite of solutions that identify the right leads, ensure proper territory and quota distribution, enable sales forces, automate configure price quote, and streamline sales compensation -- driving bigger deals, faster. Approximately 4,700 leading organizations, across all industries, rely on CallidusCloud to optimize the lead to money process to close more deals for more money in record time.

©2016 Callidus Software Inc. All rights reserved. Callidus, Callidus Software, the Callidus Software logo, CallidusCloud, the CallidusCloud logo, Clicktools, SURVE, syncfrog, TrueComp Manager, ActekSoft, ACom3, iCentera, Webcom, Litmos, the Litmos logo, LeadFormix, Rapid Intake, 6FigureJobs, and LeadRocket are trademarks, service marks, or registered trademarks of Callidus Software Inc.

Note on Forward-Looking Statements
The forward-looking statements included in this press release, including, for example, the announcement of new products or services, reflect management's best judgment based on factors currently known and involve many risks and uncertainties. These risks and uncertainties include, but are not limited to, risks detailed in periodic reports we file with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q.

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